Archives - 07 August 2012, Tuesday

We've noted before that the cryptocurrency Bitcoin has been adopted enthusiastically by those engaged in legally dubious pursuits like gambling and drug purchases. Forbes points us to a new study that backs up this proposition with hard data. Nicolas Christin, a researcher at Carnegie...

"Every day or so of the last six months, Carnegie Mellon computer security professor Nicolas Christin has crawled and scraped Silk Road, the Tor- and Bitcoin-based underground online market for illegal drug sales. Now Christin has released a paper (PDF) on his findings, which show tha...

In the year since Senator Joe Manchin called for the “audacious” drug-selling website Silk Road to be “shut down immediately,” the world’s most high-profile underground pharmacy hasn’t just survived. With $22 million in annual sales and around double the commission for the site’s owne...

Move up http://i.forbesimg.com t Move down The Case For Monetary Freedom Jon Matonis Contributor Top 10 Bitcoin Statistics Jon Matonis Contributor It may not be as historically significant as President Nixon closing the gold window in 1971, but Rep. Ron Paul laid out the framework for...

"Every day or so of the last six months, Carnegie Mellon computer security professor Nicolas Christin has crawled and scraped Silk Road, the Tor- and Bitcoin-based underground online market for illegal drug sales. Now Christin has released a paper (PDF) on his findings, which show tha...

Today, true to our entrepreneurial roots - we are intrigued by the phenomenon known as “Bitcoin”. Since our current technology allows online purchases without the need of a credit card - and has a 99.999999% Good Funds Model over the decade that we have been in business - we began to ...

Click photo to enlarge Designer Brittany Schlunt works on FarmVille characters at Zynga headquarters in San Francisco on June 6, 2012. Law enforcement officials say consumer use of "virtual currency" in Internet games is a multibillion-dollar new territory for crooks to exploit. « 1 »...

Why we need Bitcoins for international transactions Today at 08:18:20 AM #1 Reading the thread about the story of a man who deposited a fake check and ended getting his bank going from all nice to all not-nice. Let me tell you another one (about 1% of people who do international wires...

If you or someone you know is interested in helping draft an administrative ruling request to FinCEN about the regulatory status of Bitcoin, please contact [email protected] . (Lawyers especially.) Make Your Laws (MYL) is a group of three new non-profit corporations — a 501(c)3, 5...

The major feature of the Bitcoin protocol is to effect transfers of wealth, but it’s primary domain object – the primary noun of importance in the system – is not coins or vouchers but an accounting ledger. The maintenance of that shared public record is the primary task and the compe...

Bitcoin: The Cryptoanarchists’ Answer to Cash How a Bitcoin transaction works Bitcoin: a protocol for the distributed maintenance of a ledger? We built it together, Mr President, through the division of labour Video: Democracies, Republics and other unnecessary evils Hedge Fund Titan ...